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Energy and LNG executives express relief at Trump's
election win
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Expect regulations will ease under new administration
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Environmental groups promise fight to block LNG expansion
By Curtis Williams
HOUSTON, Nov 7 (Reuters) - U.S. liquefied natural gas
developers awaiting permits for new export projects this week
expressed confidence President-elect Donald Trump will ease the
way for their multi-billion-dollar expansion plans.
Their confidence is buoyed by Trump's promise to end an
expanded Department of Energy review that has slowed new export
permits. President Joe Biden had paused new non-FTA export
permits and asked the DOE to more broadly evaluate the
cumulative effects of new LNG projects' climate and economic
impacts.
Environmental groups pledged to keep up the pressure to
block new plants.
Trump's victory will ensure the nation will have "some
rational, reasonable people running this country," said Marshall
McCrea, co-CEO of LNG and pipeline operator Energy Transfer ( ET )
. The change of administration assures a financial
go-ahead for its $13-billion LNG-export facility in Louisiana,
he said on a quarterly call.
Commonwealth LNG, which is developing a $10-billion facility
near Cameron, Louisiana, and has been waiting for an LNG-export
permit for more than 18 months, said it is looking forward to
approval of its non-FTA authorization. That term refers to
exports to non-Free Trade Agreement countries that account for
the vast majority of U.S. LNG purchases.
Sempra LNG, which plans to build a second phase of
its Texas-based Port Arthur LNG, now expects the Trump victory
will lead to an export permit by June.
"We have growing confidence in getting the permits we need
for Port Arthur Phase 2 in the first half of next year," Sempra ( SRE )
CEO Jeffrey Martin said on Wednesday on a quarterly call. The
project would add two liquefaction processing units to the two
under construction.
Environmental groups that helped convince the Biden
administration to reconsider the wider impact of LNG exports,
say they will continue to challenge the permits.
"We will do everything we can to fight back against attempts
to trample on safeguards meant to protect people from polluted
water and air," said Mahyar Sorour, director of the Sierra
Club's beyond fossil fuels policy.
Venture Global LNG, which has not received a non-FTA export
permit for its 20-million-metric-ton-per-annum Calcasieu Pass 2
plant in Louisiana, said it looks forward to working with the
incoming administration.
The expected loosening of some LNG regulations means a clear
runway for developers, said Fred Hutchison, CEO of trade group
LNG Allies.